Malta is a small island nation located in the Mediterranean Sea, south of Italy, and is a member of the Commonwealth of Nations, United Nations, European Union, and Eurozone. The country has a Mediterranean climate and a rich history, making it a popular destination for tourists and expats looking to reside in Europe. To enhance the economy, in 2015, the Malta Permanent Residency Program was launched.
The Malta Permanent Residency Program is a government-approved program that allows non-EU citizens to obtain a residency card in Malta by investing in the country. Because of its reputation for stability, predictability, and safety, Malta has risen to become one of Europe’s leading investment destinations.
The Malta Permanent Residence Program (MPRP) was founded in 2015, enabling individuals to gain permanent residency status in Malta. Investors can seek residency in Malta and benefit from many advantages available to residents through the MPRP. The program was created with the goal of highlighting Malta’s safety, security, first-rate healthcare and educational systems, as well as excellent quality of life.
Throughout the years, Malta’s economic stability and political alignment on socioeconomic issues have attracted a wide range of foreign investors looking for a secure, yet competitive, jurisdiction in which to invest and initiate business.
With the Malta PR you can enjoy many benefits such as:
The Malta Permanent Residency program necessitates the following investments:
Bluemina Citizenship & Residency does a preliminary check, and a scanned passport copy is sent to the lawyer team in Malta for preapproval. The file preparation begins, and the required documents are collected by the processing team. Advisory fees, primary government contribution, and application fees are paid at this stage.
A due diligence process will be made and the decision to grant permanent residency card for the main applicant and family is approved.
“Approval in Principle” letter is issued by the Maltese Government.
No, there is no age limit when applying for Malta PR.
The residence certificate issued under the MPRP is valid for life, provided that all program obligations are met. The residency card is valid for five years and must be renewed every five years.
Holders of the MPRP residence card may travel to all Schengen countries without a visa for a maximum of 90 days within a 180-day period. The traveler must always carry a valid travel document and a residence card, and he or she is also required to obtain health insurance that covers his or her travel plans.
For the first five years, the beneficiary is only required to maintain the EUR 500,000 capital with EUR 150,00 in financial assets.
No, the Malta PR is not the same as the EB-5 Investor Visa in the United States of America. There are no requirements in Malta to invest in a business or create new jobs.
You certainly can. You must submit a separate application pack containing all required documents.
No, as long as they meet the eligibility requirements.
No, liquid assets such as stocks, bonds, funds, and bank deposits are required.
While attaining Malta residence is an excellent way for non-EU investors to get a European Residence Permit, obtaining a second passport in Malta is only possible through the Citizenship by Investment in Malta regulations. If you want full Maltese citizenship, investor should look into Malta dual citizenship program, which is often considered one of the most reputable and leading second citizenship by investment programs in the world.
Obtaining permanent residency through the Malta PR program or a powerful second passport through one of the leading Citizenship by Investment programs can only be done with the help of an authorized agent like Bluemina. Contact us now our visit one of our regional offices to book your legal and free consultation.